iBank

Lowering the Cost of Travel Management

What is iBank?
iBank is a web-based travel data consolidation and reporting tool designed to address the needs
of a travel organizations seeking to better manage their operating expenses and increase
productivity. iBank gathers travel data from various sources including the Global Distribution
Systems (GDS) and back-office accounting systems for up-to-the-minute reporting from the
World Wide Web, twenty-four hours a day, seven days a week, around the world.

Why iBank?
Today’s business environment demands an increased attention to detail, particularly when it comes to expenses.
With travel and entertainment being the third largest line item in a corporation’s budget, it is imperative to
understand what is being spent and by whom. It is equally important that key decision makers have access to this
information in a manner and format that they can understand. By being able to quickly analyze timely and accurate
information, companies can then be proactive in their efforts to manage critical business issues such as contract
compliance, vendor negotiations and risk management. iBank provides this capability to over 80,000 corporations,
including 225 of the Fortune 500, enabling them to make smart business decisions.

Sound Familiar?

iBank

Problem

Solution

We spend a significant amount of time and money
producing travel spend reports and they are often
outdated by the time we are ready to use them

iBank enables you, via the web, to run 120
standard and unlimited custom reports that
provide you with an up-to-the-minute, overall
picture of your global travel spend

When I sit down with my preferred vendors I am
forced to rely on their historical information to
negotiate my pricing

iBank enables you to actively track your real-time
spend by vendor so that you can better manage
and negotiate preferred contracts

If management came to me and demanded to know
where all of our travelers are right now I couldn't
tell them

At a moment’s notice iBank provides you the
ability to report on the location of all of your
travelers worldwide

Our travel data resides with numerous vendors and
when we want to see a consolidated view we can’t

iBank consolidates data from multiple sources and
provides you with a single, comprehensive view of
your global travel information

Our CFO keeps asking why we are spending so
much money on travel in spite of our travel policy
and I don’t have the data I need to answer him

iBank provides you with access to the information
necessary to actively monitor and report on travel
policy compliance